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with the reliability of fedex. neil: first the tax hikes and now the spending streets. raises and hiking spending across the board. the state is now running a surplus according to reports. fox news radio host with us now. >> yes, i spent 30 years in sacramento. i am telling you, that is fiction, the fact that they have this surplus. not only in thestate of california, but illinois, his huge pension obligations and they pretend that those don't exist. and they are off the books. because of your add-in that is, we are talking that we cannot afford could have a $45 billion surplus this year. by the time summer comes around and that will grow until 2020 every single year. and they raise taxes by about $6 billion and it ties in perfectly and the problem is they have an obligation for their pensions, the two big state pensions and health obligations of 300 billion for the pensions and another hundred billion fr the health care for the retirees. $400 billion and not even addressing this problem. neil: let me ask about how they are able to sneak in raises for themselves as politicians back in 1990 they s
are entitled to tax credits how do you do that to make sure people aren't submitting fraud. do you have an ain't fraud system, what the inspector general said today they think maybe the system is going need some work and beef up security in order to prevent massive fraud here. whenever money is going out from the federal government in big numbers, they found this out in medicare as well, you have to be very careful about fraud because a lot of people will take advantage. >> eamon javers, thank you very much. now, even while the obama care failures and embarrassments continue to pile up, when will the administration finally admit that it's time to hit the pause problem until all the problems are fixed or maybe the pause button is not set to work until november 2014. that may be closer to truth. here former obama campaign aide, he was briefed by the obama white house on the health care and grace marie turner, she will be testifying tomorrow on obama health care. what's the thrust of your testimony going to be tomorrow? >> the president has said that oh, we don't need to worry about those 5% of a
: you said that? [laughter] to george clooney. >> he says raise taxes. >> to drive a toyota petraeus to the ms -- jemmies but they have a private airplane and i wish i had a private airplane. >> many advocate to rai taxes but well-connected celebrities are quick to use your tax dodges. >> owning acres of land in new jersey but pays only $100 of state property tax because he raises honeybees' he qualifies f the honeybee subsidy. bruce springsteen owns hundreds of acres of land but pays little tax because a an organic farmer works his land his pour neighbors pay more. >> i don't get anybody trying to lower taxes but bonn jovi and springsteen publicly supporting for obama holding rallies but then cry tax cuts for their riches and they robbed of poverty programs and a social contract with america being destroyed the middle-class is harmed but then you rob those anti-poverty programs by calling yourself a former? that is the hypocrisy that is frustrating to see why i wrote the book calling of these people on their duplicity. john: one final example some of the activists are so eager to pr
have a predictable regulatory environment. we do a good job of educating the kids. we have a good tax break. we're doing all the things -- >> it sounds like you're agreeing with the pope then? >> you look at the result, we have less disparity in the income that can most any other state. we would love to have the pope. he can come to provo anytime. >> you have a deep and personal passion about helping the poor, and i suspect you resonated deeply with pope francis ooze comments which were very powerful and compelling in many ways, but i'm puzzled. wise in the last 30 years we've had dramatic economic growth. i was very fortunate i was there with reagan and with clinton. in the case of the clinton administration when we worked with them, from 1993 to 200, one of the very four people of poverty left poverty, and huge economic growth. about 3 1/2, 4 million people, xw a million and a half people, lost their jobs. why is it so hard to look at the things that have work. try to find a way and say, which of these pieces really worked. find out what are their patterns? and how can we replicate
did not have just a tax increase of cuts but that have been dip this year that could have called is like having 400,000 jobs created because we're not in stimulus mive to do re. it was good news. >> so if we have a government is shut down assembly will have a quarter reported taken off for gdp what a powerful economic engine and then we have third quarter gdp growth of 3.6% invested a couple years it a good jobs ever. i thought the sequester were to be devastating? >>. >> the more it cuts spending the better for the private sector when dispense the dollar i don't understand the logic. >> we pay people borrow money not to work and people are working. that does not make sense. >> to give emergency benefits where does the money come from? >> if we give you a tax cut they will put it in their pocket. >> we have to make sure that people need the jobs and food get it. >> with 47 million people? people largely a pretty good job. >> of course, the we should not said that giving a lot more welfare benefits was better for the economy that it be better with 30 billion forth three or four ye
out there what this administration is going to try to do on tax policy, people are putting their money in gold overseas, and they don't trust this administration. so -- >> the world has the same view. they say through this "forbes" study businesses that world is their oyster, they can park their money or businesses or plans anywhere they do not see us fitting into that tragedy, ireland, yes, u.s., no. >> absolutely. and a flick of your on a keyboard, you can invest, put your money, run a business overseas from sitting at home, and if you don't know what your stability is and the economic consequences of political actions here, you put your money someplace else. we're stagnant. neil: amazing, thank you dennis hastert. uncle sam, have a pint and drown your sorrows, ireland and others are doing better. but we want to pursue why these countries are the draws and we are not, that is what is important, i want to focus on why that is the case. after this. neil neil: whole idea whether we have a war on success, or at least -- dee dee is here said it would appear that way, rick unger said it wo
about it. >> check with your tax accountant, because some stocks cannot really go into i.r.a.s because of a business tax. you want to be sure. you've got to talk with your accountant about these. the stock had a not great quarter and it's been knocked down. and the master limited partnerships have all been coming down. but i believe in rich kinder. rich kinder is not dick heckman. dick heckmann had a terrific company around, this one's not it. rich kinder made a lot of people a lot of money. i'm not going to abandon that company. but i do honestly right now like linn energy more. higher rates don't have to be the end of the world, conn's might be a microcosm. wouldn't you like to have a stock that goes up gigantically? or would you say i don't want that gain because rates are going higher? stay with cramer. >>> coming up -- nice view? hilton's more than $2 billion ipo is about to hit the street. are there better accommodations for your cash, or should you try and book a room in this newly minted stock? >>> you know that this has been a downright incredible year for initial public offer
by online retailers to draw a new york state law that requires customers to pay a new york state sales tax, even if they are buying online. if you live in those states with sales taxes, you will have to pay the very same taxes as you would in one of those brick and mortar stores. much more is still ahead and we will take a look at the global hotspots ignored by the obama administration and the national media. revolution breaking out entirely. but what does the doctor and say? what does mr. obama say? and the president trying to keep congress from passing new sanctions against iran. we will be joined by ralph peters in k.t. mcfarland with the analysis. we will await results from cybermonday. jen rogers joins us to tell us what it means for the to be american economy and the global economy as well. we are coming right back. the obama administration touting dramatic improvements out of healthcare.gov, and that is not what we are finding. we will be talking with the former director, tom scully, on what is really going on with obamacare. as a business owner, i'm constaly putting out fires. so i
names. >> stocks up, too. you're not going to have that big tax loss fear. a lot of people saying i can find inexpensive tech, i don't need to go into the cloud. although apple is saying this is about ibm being wrong and apple being right. >> there has been an expectation of a china mobile deal. >> yes. >> unbeknownst to most people who hold the stock. that being said, 740 million china mobile subscribers, there is a fairly large audience they could conceivably be addressing to try to buy smartphones. >> do you remember the conference call that was the open rebellion against tim cook? it was withone of these things e i thought it was 1948 where stillwell had just lost china and now he's making a move. he did not lose china. >> we'll see. that fortune story has a lot of people talking about whether china mobile makes a big move in this direction, having not carried their phones till now. >> maybe samsung -- don't hear a lot about samsung having a revolutionary new phone. >> no, although they've got a lot of new patents, they're going to do the curve thing or fold thing. >> maybe they hav
nothing with intiethsmentes, nothing with tax reform, nothing with -- just paying for some, you know, trying to lessi inen the effect sequestration. >> look at the different points on the board. at this point in the game, we'll take that, right? >> and then the other thing that i just wanted to mention in following up on our conversations is what's going on in china? my man. my man. for the democratic party, i'm with biden. did you see, they send him over to china, boom, done. send my man joe over there who is like yeah, yeah, pats a couple can people on the back, tells a couple of jokes, takes back a couple of things he said and everybody is friends. he does it here, too, but it's already fixed over there. >> we have joe on here. >> carries out the plan and -- blow hardy. you send joe over, boom, done, fixed. thanks, joe, .and then they go out to a club probably. i don't know. anyway, back to wall street's top stories this morning, the november november jobs report current nonfarm payroll, it's 180. do you know the number? you know the number? no, you don't know the number a lot. >>
the gasoline tax? >> you account for $42 billion, can you sell out for me where that has gone? >> it accounts for the hundreds of billions that were already forking over things like this. shouldn't we apply and it is a sign that funds are tight? also, where all the funds have been going thus far. been going thus far. apparently not into hi honey, did you get e toaster cozy? yep. got all the cozies. [ grandma ] with n fedex one rate, i could ll a box and ship it r one flat rate. so i kn untilt was full. you'd be crazy not to. is tt nana? [ male announcer ] fedex one rate. simple, flat rate shipping with the reliability of fedex. ♪ [ male announcer ] the parking lot helps by letting us know who's coming. the carts keep everyone on the right track. the power tools iroduce themselves. all the bits and bulbs keep themselves stocked. and the doors even handlehe checkout so we can work on that thing that's stuck in the thing. [ female announcer ] today, cisco is connecting the internet of everythin so everyone goes home happy. [ female announcer ] tso ally bank has anecting that wothat's correct.a
is traveling. >> enough not to pay taxes? >> no, no, i do pay taxes here. and the rates in new york with sales tax and everything and income taxes, state income taxes are roughly the same rate. so the tax equalization. i don't pay double. it gets offset. >> i don't know what that says, now we're equal to -- >> it's about 50%, basically is the marginal rate. >> you think that's fine? >> well, the british government reduced it from 50% to 45% and i thought that was wrong at the beginning of the conservative coalition because they said they were doing it to try and increase entrepreneurial activity. i think the best way to do that is a capital gains tax, not income tax. so i think that was misplaced. and i think at a time when people were worried about inequality and equality, which was high on the political agenda, i think it was the wrong thing to do. >> it brings up a lot of issues about income equality. and we know the one thing that solved income equality is growth and jobs. growth and jobs. not entitlements, not redistribution, it's growth and jobs. and some of the efforts to do it the othe
. >> they have to cut some deals. sears was a big -- >> right. but the tax revenues, whatever you get there, you're probably losing it as people leave unless you do something this. don't get me started. >> well, the governor said even though the senate passed it, the house -- >> they didn't have an auto industry or a bailout in illinois. that's purely just mismanagement of the whole pension situation. >> but it's failing to put the money in they've promised he year. there's a lot of states that promise these things and -- is. >> the whole detroit thing we'll talk about. it's a tough one because on the nightly news you'll see every retiree. they'll say, if a dollar is cut out of my pension -- >> and by the way, tier not making massive pensions. >> i know that. but right now, there's no city services. >> and detroit is a unique situation because you have seen a loss of the people living there. you can no longer support the infrastructure that was there for 1.5 million people when you see the numbers decline. >> and the journal has a piece and it sounds cold and heartless, but if public unions are
. had he to raise taxes in order to cut the $11 billion deficit. raising taxes is not something that's designed to make you very popular as well as cutting government spending. i spoke with the finance minister and he's pretty b buoyant. the public outcry on that, people are pretty pleased. i did ask him, is this just kicking the can down the road. take a listen. >> we have to reduce government expenses in a way that will not hurt all the services we want to give to the government. the fight for efficiency in all the governments around the world is a hard fight. we know now things we didn't know before about how to do it because we've been doing it for quite a while. this is why things are better now. i think we're going to have a new fiscal rule which will allow us to reduce government expenses in a way that will allow us not to raise taxes. >>ing where do you see that in order not to raise taxes in 2014, 2015. >> i can tell you we're not going to hurt the budgets of education because we are an education modulated government and of course health and welfare. these are the budgets th
? if amazon is 56% gain this year, who the heck wants to let it go, pay the taxes? why would you? you would have a humongous tax bill brought on by yourself, and so far not many losses do. if you're an institution, you want to show your clients that you own it. that makes the stock blessed. third, unlike most of the bricks and mortar outfits out there, amazon does have a real mystery. the possibly of a lights out quarter could be in the cards. walmart and target keep going down. finally, when it comes to the worth of amazon, there is a simple answer you can get. it's worth what people will pay for it. the answer is they'll pay $400, or $178 billion for the stock where it was trading this morning before the pullback. that's when the discipline comes in. as i've been saying for a while now, you have to recognize that the idea of a bubble in stocks has kept you out of so many winners that it's just unforgivable. if you're a performance manager. look, i can't blame anyone for wanting to sell amazon, or so many other stocks for that matter based on valuation. i know it's way too expensive for my
, smoke it, sell it, tax it. why not, right? it might be the new slogan for uruguay as they vote for legislation to legalize marijuana on the national level. this is a huge step, they would be the first country to allow this. we have more on this potentially historic decision. this legislation comes straight from the president himself. why is he pushing so hard for this? >> the first seemed to be the asset invite -- advisers, what was the smartest way to deal with it in the country? they said the smartest way to do it would be to legally regulate and tax it, and he said just knew it, and the president i think understands this is an issue of rate significance to young people in the country and i think that youthful perspective is very important and you think about the future of uruguay. >> he has certainly made some very bold moves. he legalize gay marriage, now this. as i look at the proposed legislation it reminds me of what we have seen around the country in various places like mendocino county. registered users will be able to purchase up to 40 grams per month from a limited n
are expecting health care costs to rise another new tax that will calm on consumers. there are a lot of things that have hit the economy, concerns about the government shutdown, concerns about his health care plan, that has translated into not a lot of new jobs. a lot of the numbers have been disappointing and people see that. for people that are working and haven't lost their jobs, they probably feel confident that they can go out and spend some money for the christmas season. but no one is feeling gregarious because there is a lot of uncertainty about the economy and at the same time, we have a 7% consumer savings rate and that is all the way down to 2% now. what we are seeing is consumers have chipped away at any savings they have had and have very few bullets left in the chamber here neil: all right, thank you, have a great holiday. >> u.s. well. neil: here is what might be holding us back, looking at health care premiums. retail cyber monday come or you can point and click and find deals and health care cyber monday where you can't necessarily find this. kate joins us now. >> millions of
guide to taxes continues with a tax strategy session so you can do some planning. that is airports might "willis report" and we thank you for joining us. have a great night. ♪ lou: the nation's east coast is hammered by a deadly winter storm that caused scores of car wrecks and canceled thousands of flights and that's just the first round. the second round begins in just hours. a powerful storm with more ice and snow that will hit tonight. i am lou dobbs. ♪ ♪ ♪ lou: good evening, everybody. the relentless storm pounding cities along the east coast, dropping snow and sleet and freezing rain across much of the region. forecasters say that washington dc could get up to 5 inches of snow in philadelphia up to three and new york at least 1 inch. the storm system is wreaking havoc on the roads and in new jersey a car slid off interstate 78 and two people were killed. overall, 11 deaths across the country have been blamed on the storm in the snow and icy conditions is causing an exceptional number of pilots. the chain reaction crash on the pennsylvania turnpike that involves 50 car
in and medicare rationing occurs and 22 new tax increases occur, and the medicare advantage cuts occurred, it's going to be the bad gift that keeps on giving onto next year. that's why all the red state democrats are scared to death. >> first of all, i disagree with everything you said, but -- everything you just said -- but i am concerned that some medicare part d was passed, and it wasn't working, we worked with republicans to fix it. here's what we have from your great friend erick erickson. the strategy now, he says should be the website they can't fix, but we must deny them the opportunity to fix the new law itself. let the american people see big government in all its glory and offer a repeal. in other words, hold back support, road for -- is that your strategy? do you sign on to erick erickson's strategy? >> no, i don't root for failure. >> that's what he's saying. >> help, there's an interesting term. >> what's the fix? >>> regarding 300 maybe, who knows? medicaid expansion for tort reform? who knows, but there is no negotiation. one part passed this. it was you, minority, no way, we'
that this administration now has missionaries and navigators and a tax hour and a grassroots army organizing for action, all pushing obamacare. they certainly have their work cut out for them. twenty-one of 36 states now have embraced the president's so-called fix for obamacare to the almost 5 million people whose coverage has been canceled by insurance companies. senator harry reid is offering to exempt his staff from buying insurance through the laws of exchanges and the other three congressional leaders include john boehner,, nancy pelosi, and mitch mcconnell, and they all have told their staff to join the exchange. on wall street today, stocks in the dow jones down and the nasdaq up a fraction. european regulators fined six financial institutions, a record 2.3 billion, for conspiring to interest rate manipulate interest rates. mgm selling its remaining 10% stake on allied financial. the carmakers lending arm getting about $900 million. the government remains the majority shareholder, which received a 17 billion-dollar bailout during the crisis, of which they have repaid two thirds. the president co
by revenue in other areas, but they are avoiding the big questions, no major changes to taxes or entitlement programs. murray and staffers continue to make progress over the weekend but the deal taking shape already has some critics, like powerful maryland and virginia lawmakers proposing that they receive more money for their pension plans. conservative republicans do not like the idea of putting the current spending cap there. democrats want more on emergency spending benefits with unemployment at seven percent, which is a tough sell right now to republicans. a lot of things out there for people not to like in this deal, so it is no slam dunk even if the deal is sealed by friday. >> peter, thank you very much. budgets in washington, d.c. to back in new york and fending off activist investors, at least one in this case. bill ackman, that is one of the names you need to know. herbalife has added an independent orton member with an illustrious career focused on poverty and is approaching investors suggesting they pull money out of the $12 billion firm. it looks like a completely new tactic. w
, but taxes more and has a lot more power over individual americans. lou: just within the last two days the president also again sounding like a tea party chieftain as he railed against the inequities of the income distribution in the country, the heartless disparate distribution of wealth across, as if he had not been president for five years. >> his entire goal the whole time is to literally take from the rich and give to the board. this is what he campaigned on. you're sitting here talking about the expansion of government committee introduced obamacare as chief legislation. literally almost double the size of government. when it enacted completely. once again, it is just what is coming of his mouth. he is on the campaign trail. american people bought it up until now. his approval ratings are abysmal >> the speech about inequality was not at tea party speech. it was in occupy wall street speech. a call for socialism, take money away from the rich and give it to the port. the best example of why this is not that tea party president, think about obamacare coming into effect. one of the
. $15 an hour, tax the rich, you must have health insurance or else. here is my take on the command economy. that's what it is. the left quarterbacked by president obama is trying to command the return of prosperity, command fairness, with an of a magic wand and command the economy to obey the white house. look at the $15 an hour movement. they want to legislate wages. it's not what you bring to the wage table, it's what politicians decree you should be paying, that's a command. look at the tax the rich idea. and that's an attempt to command income equality. wave that wand, make them pay, even more, and they tell you we will be all more equal. really? and how has that been going for the las five years. and then obamacare, perhaps the new motherload of the command economy, you shall have health insurance. you will give us your personal information, and stop whining if we lose it. you had enough of this yet? you see, it doesn't work. command economies do not produce widespread prosperity. they do not produce fairness, it is the politically connected to win by command. but most importa
to pay the tax year? >> there's a lot of people positioning themselves for a big number on friday in the nonfarm payroll. they say why not teak profits. alternatively there's a vacuum of information and people say i got a great year. i'm concerned only that when you get to 3 there will be another wave of selling and that may be when you buy. that wave of selling. not this wave. >> do a little picking. always good to pick. >> we did come into this week giving all the reasons why there were very few reasons to sell. >> and that was bad. i fell into that complacency. by the way, there is one place where we saw -- i want to point out i like oil here. you have opec saying all the right things, you have no real cutbacks. you have this glut finally ending because you finally got the selling keystone part out of curbing. that is very good for the domestic oil companies and not so good for the refiners. >> the biggest losers this morning, valero -- >> a lot of people said goi goto get into refineries, i got to get into refineries. michelle caruso-cabrera yesterday with a fabulous piece abo
had nearly two percentage points of tightening. two percentage points of gdp and, you know, tax hikes and spending cuts last year. previous two years was local. this year less than half a percent. >> we make it smaller spending cuts. last is household wealth. increased again in the third quarter by almost $2 trillion. at the depths of the recession, it was neutral. now they're both going up double digit. that's going to add well over a percentage point to consumer spending. this is the time when growth should pick up. as you said this is also an important time for a couple of reasons because the hope is that cycle starts the broader, more sustainable, more widespread move that helps people get off jobless benefits as they run out. all of these extreme mers prosecute expiring so this has to be the year we see that pick up. food stamps and all of it. >> right. other things have been expiring before like the big fiscal stimulus package. a lot of that has come off already. it may not be great for investors. if you think about this past year, what happened? we
to 1896, jim. >> again, that's people i think not wanting to take tax -- not wanting to have to pay a tax bill. really, again, "usa today" wall street looks like pamplona. you think this is an article which says bubble, bubble, bubble. instead it is about how broad the advance is. it's a very positive article how the advance is different from some of the advance that is have led to big falls. very smart piece. >> the dow's gained year to date three times the gain of last year. do you expect that trend to continue into 2014? in any way? >> i think it's very hard if we forget we will have another washington bruising. right? do you think anything's gotten better there? i mean, we don't mention the health care. everyone talks about the health care site. i saw oracle mentioned as a possible problem in the "the new york times" piece and a thing that dazzles me is how we forget. right now. that there's a republican party that hates the president. but in another month we'll talk about that ian good for 6%, 7%, 8% decline. >> without a doubt and facing the same issues we faced a couple of months a
, december is a cruel month for losers and the tax law selling that i think are turning could be brutal here from now until year end and then it clears up. mdr is for me. stay with cramer. >>> coming up -- digital dollars. your cash is moving to the cloud and a new crop of companies are helping to transfer money around the world. but as more dollars are distributed online. cramer's got the play. [ male announcer ] here's a question for you: where does the united states get most of its energy? is it africa? the middle east? canada? or the u.s.? the answer is... the u.s. ♪ most of america's energy comes from right here at home. take the energy quiz. energy lives here. >>> we're an interactive show here. on monday i got a call from cody in florida. wanted to know what is happening with the downward sled ride in xoom, the billion dollar company that's basically an online money transfer service. i said i wasn't sure. i've got to take a closer look. xoom came public back in february. shot up immediately 21.50 on the first day of trading, for a while, a pretty darn good year, ran up as high as $3
slowly and into weakness. remember, december is a cruel month for losers and the tax law selling that i think are turning could be brutal here from now until year end and then it clears up. mdr is for me. stay with cramer. >>> coming up -- digital dollars. your cash is moving to the cloud and a new crop of companies are helping to transfer money around the world. but as more dollars are distributed online. cramer's got the play. every day we're working to be an even better company - and to keep our commitments. and we've made a big commitment to america. bp supports nearly 250,000 jobs here. through all of our energy operations, we invest more in the u.s. than any other place in the world. in fact, we've invested over $55 billion here in the last five years - making bp america's largest energy investor. our commitment has never been stronger. with my united mileageplus explorer card. i've saved $75 in checked bag fees. [ delavane ] priority boarding is really important to us. you can just get on the plane and relax. [ julian ] having a card that doesn't charge you foreign transaction fe
Search Results 0 to 32 of about 33 (some duplicates have been removed)

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